Trading Ideas
Gold's 17 Year Bull Market is only in Year 13
Sat, 29 Apr 2017 13:42:49 -0500
The YEARLY TREND of $XAUUSD or Gold is still in an uptrend from a massive, 17 year mode at the $395-$398 zone. The 26-year sideways period from 1979-2004 had 17 years at a $3 price level between $395.3 and $398.3, which is a remarkably long time for a market to stay at one price. Once a market gets moving out of a range like that it tends to go for 17 years in total. That first year was 2005, so that makes 2017 the 13th year of the 17-year uptrend. The other interesting part is that the price range of the consolidation as measured from low to high was $633 or 292%. When adding $292% to the mode of $395.3, you get a target of $1530, which has been surpassed already, but oddly the $1527 level was the "HIGHEST YEARLY LOW" which happened in the year 2012. I would also add that Gold has formed a new 6-year mode from $1226 to $1178, so anytime Gold is above $1226 it can extend gains and move back towards the highs above $1527. The best way to trade long term uptrends is to buy when shorter term trends turn down and then exhaust themselves. Which means, essentially, that you jump back into the long term uptrend when short term selling occurs to push the price down temporarily which provides a low risk entry point. Stay tuned - and next look at the "MONTHLY TREND" and then the "WEEKLY TREND" and the "DAILY TREND". We often cover these in the Key Hidden Levels chat room since Gold is such an important market to everyone in the world. PS - I'm putting a "Long" on this chart because the Gold UPTREND is still in tact and in control. Tim April 29, 2017 2:41PM EST
Sat, 29 Apr 2017 10:17:31 -0500
XAUUSD micro picture five years of gold
Sat, 29 Apr 2017 09:37:37 -0500
Fri, 28 Apr 2017 18:43:33 -0500
XAUUSD broke up
Fri, 28 Apr 2017 12:06:56 -0500
Fri, 28 Apr 2017 11:03:17 -0500
Fri, 28 Apr 2017 06:47:02 -0500
Fri, 28 Apr 2017 06:06:33 -0500
Looking for TP1 @ 1274 and TP@ 1283 Good Luck
Fri, 28 Apr 2017 05:58:32 -0500
Golden tunnel still in game!
Fri, 28 Apr 2017 05:52:26 -0500
Golden forecast for next week! Monday (1st May) is bank holiday and markets will be closed. However, on Wednesday 3rd of May snap elections will be organised in UK. Last time British people voted to leave EU price of gold moved up. I expect the same to happen this time - as described on the plot! Conservative party ruled by T.May will win these elections with significant majority of votes. Since that time UK will begin Brexit negotiations, GBP will move down to EUR and USD. Just few days after British elections there will be second round of French elections (Sunday, 7th May). I predict E.Macron to win presidential elections that will cool down markets and gold will move down again.
Gold Chartpack - Technicals & Trade Setup
Fri, 28 Apr 2017 04:59:12 -0500
Gold bulls in consolidating phase breach 50% Fib.Ret, 7-EMA cushions to confront interim bears – Boundary binaries to speculate bullion prices: Gold price behavior has been moving in rising channel but failure swings have also been observed as and when it nears channel resistance (refer daily charts). The current prices are well below EMAs amid mild upswings, for now, more slumps likely upon breach below strong supports at 1261 and 1250 levels. Historically, shooting star also pops up at this same resistance levels and evidently rest is the history, in an interim uptrend, gold prices have almost retraced to the lows of 1259 from the recent highs of 1295 levels in the consolidation phase. RSI and stochastic curves are converging to the price drops to indicate the strong selling momentum. While current prices on this timeframe have been sliding below DMAs, MACD on the other hand signals downswings are expected to extend. On a broader perspective, bulls in this bullion market have managed to bounce above 50% Fibonacci retracements with a bullish candle with the big real body. Huge volumes are evidenced which is in conformity to this bullish sentiment. MACD on this timeframe is exactly adverse to the daily terms, this lagging indicator signals the consolidation phase to extend further with minor hurdles. For an intraday speculation, we for the see price to remain within the range between 1275 and 1260 (i.e. also 7EMA levels on weekly plotting where it serves as a demand zone). Hence, we advocate buying boundary binaries with upper strikes at 1275 and lower strikes at 1260-50 levels. The trading between these strikes likely to derive certain yields in this puzzling trend and more importantly these yields are exponential from spot movements. For cash or nothing, these options would be exercised if the forward prices to remain between both strikes (i.e. 1275 > Fwd price > 1260-50).
long xauusd, short term
Fri, 28 Apr 2017 03:37:43 -0500
just test my strategy, dont follow
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